SEC commissioner backs hedge funds to solve mortgage crisis

Paul Atkins, one of the five commissioners at US regulator the Securities and Exchange Commission, said he expects hedge funds to help solve the market turmoil surrounding sub-prime US mortgage loans.

Atkins told French business school Edhec that, as far as he was able to see, hedge funds could not be blamed for the sub-prime problems. Moreover, he said: "Most importantly, we must remember that hedge funds are likely to be an...